83rd Texas Legislature, Regular Session, Senate Bill 1458, Chapter 1214 Page: 5 of 18
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S.B. No. 1458
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on or before August 31, 2014, or who becomes a member of the
retirement system on or after September 1, 2014. If the sum of the
member's age and amount of service credit in the retirement system
equals the number 80, withat least five tears of service credit, or1
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if the member has at least 30 years of service credit in the
retirement system, the member is eligible to retire regardless of
age and receive a service retirement annuity consisting of the
standard service retirement annuity available under Subsection
(a-2) (2) decreased by five percent for each year of age under 62
years.
SECTION 2. Subchapter H, Chapter 824, Government Code, is
amended by adding Section 824.702 to read as follows:
Sec. 824.702. COST-OF-LIVING ADJUSTMENT. (a) The
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Texas. Legislature. Senate. 83rd Texas Legislature, Regular Session, Senate Bill 1458, Chapter 1214, legislative document, June 14, 2013; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth439188/m1/5/?rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.